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At the end of 2008/09, there will be more corn but fewer soybeans on hand than analysts were expecting, USDA reported early Friday. See DTN Ag News. BFull Story...

House and Senate negotiators on Thursday declared they have a farm bill that could see a final vote next week, but President Bush's key men on the farm bill declared the president will veto the legislation. See DTN Ag News. BFull Story...

Brazil's winter corn crop is expected to reach a record 17 million metric tons this year compared to 5 million tons just a few years ago. While total corn production there remains one-tenth the size of the U.S. crop, Brazil holds the potential to go head-to-head with the U.S. in export markets. See DTN Ag News. 1^Full Story...

Scouting for the annual hard winter wheat tour came to an end Thursday and the results were tallied and announced at the Kansas City Board of Trade. The final estimate for the 2008 crop was 43.3 bushels per acre based on stops in 388 fields. See DTN Ag News. C^Full Story...

In the scramble to secure low-cost, nutritionally viable feed options for livestock, corn may be pricing itself out of the race. Other possible feeding options include dried distillers grain or wheat, according to industry experts. See DTN Ag News. 4^Full Story...


DTN Ethanol Center
Latest DTN Ethanol Center News

Tolman Defends Ethanol, Again
Even if Congress waives the RFS this year, the U.S. ethanol industry will still stay on track to produce 9 billion gallons, according to the CEO of the National Corn Growers Association.

DTN Soybean Rust
Latest DTN Soybean Rust News

New Soybean Rust Host Found in U.S.

 
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Quotes
 
C - CORN - CBOT
  High Low Last Chg
May 621'0 606'0 618'6s 17'2
Jul 634'0 616'0 630'2s 17'2
Sep 642'0 626'4 639'6s 17'0
 
S - SOYBEANS - CBOT
  High Low Last Chg
May 1305'0 1292'0 1298'2s 1'0
Jul 1320'0 1301'0 1310'0s 1'0
Aug 1313'0 1296'0 1304'0s 2'6
 
W - WHEAT - CBOT
  High Low Last Chg
May 825'0 807'0 809'0s 14'0
Jul 844'0 809'0 822'0s 14'4
 
@AC - ETHANOL - CBOT
  High Low Last Chg
Jun 2.595 2.580 2.595s 0.036
Jul 2.569 2.550 2.559s 0.029
Aug 2.530 2.530 2.530s 0.020
 
LC - LIVE CATTLE - CME
  High Low Last Chg
Jun 94.150 91.850 93.650s 1.825
Aug 99.700 97.650 99.300s 1.675
Oct 105.900 104.250 105.750s 1.400
 
LH - LEAN HOGS - CME
  High Low Last Chg
May 79.700 78.800 79.375s 1.500
Jun 76.975 76.000 76.475s 1.200
Jul 77.250 76.300 77.100s 1.800

DTN Market Matters Blog
Cash Markets Push for Bargains Before USDA Reports
Pat Hill (Bio) – DTN Markets Blogger

Thursday may have been the last day this week that traders could expect anything like "normal" intraday volatility levels. USDA will weigh in with new crop supply and demand estimates Friday morning, and the December corn contract surged through the last known potential resistance level at $6.50 during the electronic overnight session. Therefore, cash bidders were as reluctant as they could be leading into the final, and likely the most volatile, trading day this week. [Read and Comment on Full Blog]

Posted at 6:43AM Fri May 9, 2008 CDT

 
Local Conditions
Markle, IN
Chg Zip Code: 
Temp: 49oF Feels Like: 45oF
Humid: 71% Dew Pt: 40oF
Barom: 29.78 Wind Dir: ENE
Cond: Partly Cloudy Wind Spd: 9 mph
Sunrise: 5:28 Sunset: 7:46
As reported at FORT WAYNE, IN at 7:00 AM
 
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Markle, IN
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Local Forecast
Markle, IN

Friday

Saturday

Sunday
Hi: 62oF
Lo: 46oF
Hi: 66oF
Lo: 42oF
Hi: 59oF
Lo: 50oF
View complete Local Weather
 
DTN Weather Summary
Southern Midwest Sees Rain Friday
Bryce Anderson (Bio)
DTN Meteorologist

Light to moderate rain, up to an inch precipitation, will move across the southern half of the Midwest Friday -- south of Interstate 80. » More DTN Weather Commentary

Posted at 6:08AM
Fri May 9, 2008 CDT

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